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I aspire to inspire your mind, body, & soul through my blog, Facebook Fan pages, and events. In my spare time, I am an aspiring herbalist, write poetry, short stories, and sometimes songs. My life's purpose is to share knowledge and uplift individuals to heights once thought of as unreachable.

Tuesday, October 18, 2011

What's Really Going On FICO?

This recession has and still is affecting millions of people. People that have been secure in jobs for years have found themselves without one for years. People that once made 6 figures are now making 3,4, & 5 figures. People that have lived in mansions are now living on the streets.

All the past and current political party members are vying for your vote, with promises to fix the problems that seemed to have plagued this country for the last 6 years. So, what is going to happen when things start rebounding? Do you think you will be breathing a sigh of relief? Think again honey. You are going to be yelling and screaming; and cursing too. I just read an article in my local paper that says that your credit score will get more personal. These people will be determining what your score will be based on your late or missed insurance payments, cell phone bill, evictions, etc. Now understand, if you were not negatively impacted by this current era, lucky you; but if you were, HOLY SHIT! When you need a loan to buy a new house or car or start a business; they will charge you more interest and get more money out of you.

This has me remembering the housing bubble. There are many people blaming the general public for not being responsible spenders. If you really think about it, we are only a product of our current society. Marketers, lenders, and government officials (just to name a few culprits) prey on us so hard and so often, we don't even know it is taking place. We are naive and we believe in the unbelievable. So, screw us darn it.

You have to admit, these people are geniuses. They thought they were going to get buku dollars from people for 30 years by not only helping everyone get into a house, but an unaffordable one; then when that wasn't going to happen, then someone stirred up a great scare called the housing bubble; it popped and thousands lost their homes; then people started losing their jobs. A look into the future; people start working again, earning great salaries; buying land, houses, and cars. They are coming back to bite us in the ass and there is nothing that we can do about it. You can't run and you can't hide. Employers want to know your credit score, landlords want to know it, and so do the lenders.

Everything is taken away from you now. I just want to save and spend cash; but they are raping me of that cash at the gas station and in the grocery store. Will you ever have enough money to live without needing to borrow money from the bank?